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Coindoo
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GameStop Sinks 21% Amid Bitcoin Holdings and Fundraising Plan
- GameStop's stock dropped by 21% following its Bitcoin acquisition and capital fundraising announcement.
- In late May, GameStop invested $513 million to purchase 4,710 BTC, becoming one of the top public Bitcoin holders.
- Uncertainty arose when GameStop disclosed plans to raise $1.75 billion through convertible notes with no clarity on Bitcoin expansion or operational support.
- The lack of transparency led to a 6% immediate drop in shares, further fueled by continued selling pressure.
- Despite the potential bullish impact of adopting crypto strategies, GameStop's Bitcoin narrative failed to support its stock.
- GameStop's Q1 2025 earnings of $732.4 million marked a 17% decline from the previous year's $881.8 million, missing analyst predictions.
- The earnings disappointment, combined with uncertainty regarding the use of the raised funds, has intensified shareholder apprehension.
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Bitcoinmagazine
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Remixpoint Invests ¥887 Million More Into Bitcoin
- Remixpoint Inc. has invested ¥887.3 million in Bitcoin, acquiring 55.68 BTC at an average price of ¥15.94 million per coin.
- Following this purchase, Remixpoint now holds a total of 981.39 BTC, with a market value of approximately ¥15.63 billion, reflecting an unrealized gain of ¥2.32 billion.
- The funds for this investment came from the exercise of stock acquisition rights on June 10.
- Remixpoint Inc., a Japanese company, has shifted its focus towards digital assets and views Bitcoin as both a store of value and a hedge against the weakening yen.
- The move by Remixpoint highlights a trend in Japan's corporate space towards Bitcoin adoption.
- Metaplanet, a hotel and hospitality company, has significantly increased its Bitcoin acquisition strategy with the '555 Million Plan' aiming to acquire 210,000 BTC by the end of 2027.
- Metaplanet had already secured 8,888 BTC as of June 2 under this plan, showing substantial progress towards its target.
- To fund its Bitcoin acquisition efforts, Metaplanet launched Japan's first moving strike warrant structure, raising approximately ¥770.9 billion.
- Metaplanet's strategic moves and Bitcoin accumulation strategy have positioned it as a key player in Japan's corporate Bitcoin space.
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Bitcoinmagazine
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Mercurity Fintech to Raise $800 Million for Bitcoin Treasury
- Mercurity Fintech Holding Inc. plans to raise $800 million to establish a Bitcoin treasury reserve as part of its financial strategy.
- The company intends to transition a portion of its reserves into Bitcoin, supported by blockchain-native custody and tokenized treasury tools.
- Mercurity aims to acquire approximately 7,433 BTC, potentially becoming the 11th largest corporate holder of Bitcoin.
- 223 companies now hold Bitcoin, with public firms owning over 819,000 BTC, comprising about 3.9% of the total supply.
- Mercurity's inclusion in the FTSE Russell indexes is expected to boost visibility among institutional investors and major benchmarks.
- The Bitcoin treasury reserve will be managed using institutional-grade custody and staking-enabled tools to enhance capital efficiency.
- The company aims to maintain long-term exposure to BTC while maximizing reserve productivity through secure, yield-generating structures.
- Mercurity joins a growing list of public companies reshaping treasury strategy around Bitcoin, indicating continued corporate adoption of Bitcoin.
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Coindoo
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XRP Hits Precise Fibonacci Target Ahead of Wave 5 Breakout
- Technical analyst Dark Defender highlighted XRP's bounce at the $2.222 Fibonacci level, supporting a bullish continuation scenario.
- XRP touched $2.222, confirming structural support and indicating a potential upcoming impulsive move.
- Consolidation charts from June 8 to June 12 showed XRP going through corrective phases, setting the stage for a larger Wave 5 move.
- Defender forecasted a bounce off the 161.8% Fibonacci extension, aligning precisely with $2.222.
- Each update reinforces the bullish setup for a Wave 5 move, with patterns like the 'Coffee Cup Line' and RSI behavior indicating growing momentum.
- The article suggests that XRP could be on the brink of its next major leg, with Fibonacci levels respected and structure intact.
- Dark Defender's analysis hints at an imminent Wave 5 breakout for XRP.
- XRP's monthly Wave 5 outlook has been detailed, emphasizing key consolidation structures and Fibonacci targets.
- The analysis aligns XRP's price action with Elliott Wave theory, focusing on support zones and momentum indicators.
- The article also references Tether and Bitfinex's BTC transfer in support of a specific deal.
- XRP's potential breakout is under scrutiny, waiting for Wave 5 to initiate a significant move.
- The consolidation base hints at a possible higher breakout for XRP as technical indicators align.
- XRP's current scenario suggests a critical juncture for the cryptocurrency, with Wave 5 anticipation high.
- Analysis points towards a bullish momentum boost for XRP, targeting a breakout above current consolidation levels.
- XRP's precise Fibonacci reactions signal a crucial stage for the cryptocurrency as it anticipates a Wave 5 move.
- With XRP touching key Fibonacci levels, the focus now shifts to a potential breakout ahead of Wave 5.
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Coindoo
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Best Cryptos to Join For Long Term: FLOKI Jumps, Dogwifhat Cools, and Troller Cat Steals the Stage With 25x ROI Potential
- In the volatile meme coin market, traders are adjusting positions amidst sudden dips and surges, with Troller Cat showing promise with a potential 2429.30% ROI before listing.
- Troller Cat is in Stage 8 of presale, raising over $225,000 and boasting a strategic roadmap inspired by famous trolls for long-term success.
- Dogwifhat experienced a 2.62% dip while FLOKI saw a 5.76% jump, indicating contrasting short-term trajectories.
- Troller Cat's ecosystem is KYC and audit approved, with locked liquidity and a deflationary model promising ongoing revenue streams.
- Staking Troller Cat during presale offers a 69% APY and includes a referral program for additional bonuses.
- Dogwifhat faces short-term uncertainty with a recent price decline, while FLOKI's surge fuels optimistic speculation amidst upcoming announcements.
- Troller Cat's early-stage dynamics and real utility make it a standout choice for long-term gains compared to Dogwifhat and FLOKI.
- Investors are advised to consider Troller Cat before Stage 9 pricing sets in to capitalize on its potential growth.
- Troller Cat's price in presale Stage 8 is $0.00002099 with significant upside for early investors, making it a lucrative opportunity.
- Troller Cat's staking offering, liquidity lock, and deflationary model enhance its attractiveness for investors seeking a money-making ecosystem.
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Zycrypto
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BlockDAG’s NBA Move Steals the Show, Chainlink Targets $36 as HYPE Eyes $46
- BlockDAG teases NBA partnership before launch, potentially bringing courtside exposure, game-day activations, and special NFTs, aiming to become a visible and accessible altcoin with mainstream integration.
- Over 1.5 million users are already mining BDAG through X1 Miner app, setting the stage for potential casual fan engagement through sports integrations like stadium promotions and NFTs.
- BlockDAG's presale success includes raising over $298 million and selling 22.2+ billion tokens, with a limited-time price rollback to $0.0018 until June 13 before listing on centralized exchanges at $0.05.
- Hyperliquid's technical outlook indicates a potential breakout past $46, driven by strong momentum indicators, Open Interest surge, and record TVL on Layer 1.
- Chainlink's price prediction targets a $30-$36 breakout with a bull pennant pattern forming, backed by a successful CBDC pilot with Visa and institutional support, signaling real-world utility.
- BlockDAG, Hyperliquid, and Chainlink show promising prospects, with BDAG potentially becoming a standout altcoin through its innovative NBA partnership approach.
- Presale details and platform links for BlockDAG are provided for interested parties to explore further opportunities and involvement with the project.
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Bitcoinmagazine
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The Bitcoin Treasury Strategy That’s Reanimating Zombie Companies
- A growing number of public companies are utilizing a Bitcoin treasury strategy to revitalize their businesses.
- Bitcoin treasury strategy involves converting corporate cash into Bitcoin for long-term reserve.
- It addresses issues like capital erosion, inefficient reserves, narrative decay, and shareholder fatigue.
- Two approaches are defensive allocation as a hedge and offensive accumulation through financial engineering.
- Bitcoin's properties like fixed supply, liquidity, and upside potential make it an attractive choice.
- Successful Bitcoin treasury strategy requires governance, secure custody, capital deployment strategy, and market communication.
- It enhances shareholder relationships, attracts attention, and upgrades shareholder base.
- Execution demands executive conviction, discipline, clarity, and timing to succeed.
- A Bitcoin treasury strategy signals conviction and credibility, offering a path forward for struggling companies.
- Companies can benefit from this strategy without altering their business model but by implementing a robust capital strategy.
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Cryptopotato
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Bitcoin Price Rebounds as Trump Promises More Pro-Crypto Policies
- Donald Trump promised more favorable legislation for crypto, stating it's an honor to be called the first crypto President.
- Bitcoin's price saw a minor recovery after Trump's statement, rising from under $107,000 to almost $108,000.
- Trump claims his administration ended Biden's war on crypto on Day 1 by making regulatory changes.
- Trump replaced former SEC Chair Gary Gensler with Paul Atkins, leading to dropped lawsuits against crypto companies like Kraken, Binance, and Coinbase.
- The administration aimed to allow American innovators to lead the technology world by removing regulatory barriers.
- Positive developments cited included the national Bitcoin reserve, digital asset stockpile, and upcoming stablecoin bill called GENIUS.
- Trump emphasized working on clear market frameworks to help the US dominate the future of crypto and Bitcoin.
- Bitcoin's price surged following Trump's statement, but remains around 4% below its all-time high from May 22.
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Coindoo
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Binance Opens Access to Syrian Users Following Sanctions Shift
- Binance has opened access to Syrian users after a recent shift in U.S. sanctions.
- Syria is no longer classified as a Prohibited Country under Binance's Terms of Use.
- Syrians can now access the full suite of Binance services, joining over 270 million users globally.
- Eligible Syrian users can trade over 300 cryptocurrencies, including major assets like Bitcoin, XRP, Dogecoin, and more.
- Binance offers services such as spot and futures trading, staking products, and stablecoin markets to Syrian users.
- Binance Pay is available for low-cost, borderless transfers, beneficial for a population reliant on remittances.
- Educational content in Arabic and localized customer support are provided to help Syrian users onboard securely.
- This move highlights crypto's role in global financial inclusion, especially in regions facing economic instability or sanctions.
- Binance aims to empower Syrian users to participate in the digital economy equally with the global community.
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Coindoo
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XRP Price Prediction Eyes Breakout, AVAX Sees Whale Drop as BlockDAG’s $0.0018 Nears Deadline
- Avalanche (AVAX) experiences a decline in whale activity and volume, leading to price weakness and dominance of short positions in futures market.
- Ripple's XRP sees a price boost due to a $200K grant program in Japan, aiming to support startups utilizing the XRP Ledger for projects in DeFi and cross-border finance.
- BlockDAG's $0.0018 offer is closing soon, having raised over $298 million and sold 22.4 billion BDAG coins, with a potential 2,678% profit for early buyers.
- The GO LIVE reveal for BlockDAG on June 13 may lead to market shifts, presenting a final opportunity for early access at a lower price before the next pricing phase.
- XRP's bullish setup is reinforced by technical support and a new grant initiative in Asia, with $2.32 as the next price target if resistance at $2.296 is breached.
- AVAX faces the risk of slipping further in the short term if buying support does not stabilize, with caution among traders evident in the long/short ratio and liquidations.
- The X1 Miner App with over 1.5 million users and strategic partnerships contribute to BlockDAG's appeal as a beginner-friendly crypto with upcoming milestones on June 13.
- AVAX's declining whale activity and volume, along with XRP's positive momentum from the Japanese grant program, highlight contrasting trends in the crypto market.
- The article discusses price predictions for XRP, AVAX, and BlockDAG, emphasizing the impact of whale activity, funding initiatives, and market sentiment on their trajectories.
- Overall, XRP, AVAX, and BlockDAG are in focus due to recent developments shaping their price movements and market dynamics, with a spotlight on potential profits and strategic entry points.
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Cryptoticker
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GENIUS Act Now in Play: A Turning Point for Crypto Regulation and Stablecoins?
- The U.S. Senate advances the GENIUS Act, focusing on crypto regulation and stablecoins.
- The GENIUS Act establishes a federal framework for stablecoins, specifying rules for issuers and protections for consumers.
- Key highlights include only regulated entities issuing stablecoins, 1:1 backing by fiat or liquid assets, audits, compliance measures, and legal status.
- The Act aims to instill institutional confidence, create a safer ecosystem, and boost adoption of stablecoins.
- Implications extend to altcoins, global regulation, tokenized assets, DeFi, and Web3 applications.
- The Senate's final vote on the Act is expected by June 13, followed by review in the House of Representatives and potentially signing by the President.
- The Act could bring much-needed regulatory clarity and maturity to the crypto space.
- The news covers the impact and significance of the GENIUS Act for the crypto industry and stablecoin market.
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Coindoo
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Binance Lists New Altcoin After HODLer Airdrop Campaign
- Binance has listed a new altcoin as part of their HODLer Airdrops initiative, making it the 22nd project in the campaign.
- Users who subscribed BNB to Simple Earn or On-Chain Yields between June 6 and June 9, 2025 (UTC) qualified for the HOME token airdrop.
- A total of 200 million HOME tokens (2% of total supply) will be distributed to eligible users, with token distribution to Spot Accounts happening before trading goes live.
- Trading for the HOME token will start on June 12 at 15:00 UTC with various trading pairs against USDT, USDC, BNB, FDUSD, and TRY.
- HOME has a Genesis and Max Supply of 10,000,000,000 tokens with an initial circulating supply of 2.72 billion (27.2%).
- An additional 100 million HOME tokens will be allocated for airdrops and marketing three months post-listing, with support for BNB Chain, Base Chain, and Solana.
- To ensure fair distribution, Binance has set a 4% hard cap on BNB holdings per user for airdrop eligibility.
- Binance will release a research report on the HOME token within 48 hours to provide users with more insights on the project's fundamentals and roadmap.
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Cryptopotato
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Analyst: 31% CAGR Could Push Bitcoin to $168K by Fall 2025
- Analyst Axel Adler Jr. predicts Bitcoin could reach $168,000 by October 2025 with a 31% CAGR.
- The bullish projection relies on a strong uptrend zone despite facing resistance at $110,000.
- Adler noted a soft reversal point due to decreasing open interest and positive funding rates.
- Fellow analyst Michaël van de Poppe suggested a correction due to BTC's failure to break past $110,000.
- BTC's rejection near its May 22 all-time high led to a $3,000 drop, trading around $107,000.
- Bitwise CEO Hunter Horsley expects a shift in holder behavior once BTC surpasses $130,000.
- Retail sentiment is growing, with positive social media posts reaching a high, yet the Fear and Greed Index signals 'greed.'
- Both long-term holders and institutions are showing strong conviction, with daily profits and net positions on the rise.
- Bitcoin is currently trading at $107,000, with a 2% 24-hour dip, but showing resilience over the week.
- Positive market dynamics like U.S.-China trade progress and retail resurgence are shaping BTC's performance.
- Analysts caution of a short-term correction or consolidation if BTC stays below $108,000.
- Institutional conviction remains robust despite market uncertainties.
- Bitcoin's underperformance compared to the broader digital asset market is noted.
- Holder dynamics and retail sentiment are key factors influencing Bitcoin's market direction.
- The article was originally published on CryptoPotato.
- Analyst Adler's forecast and market analysis provide insights into potential BTC price movement over coming years.
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Coindoo
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Ethereum ETFs Outpace Bitcoin with $240M in Daily Inflows
- Institutional interest in Ethereum is evidenced by the $240 million in daily inflows into Ethereum ETFs, surpassing Bitcoin.
- The 18th consecutive day of positive flows into ETH-based exchange-traded products is a testament to the growing demand.
- BlackRock’s iShares Ethereum Trust (ETHA) led the inflow tally with $160 million, followed by Fidelity’s FETH with $37 million.
- Grayscale’s Ethereum products, including its Mini Trust and ETHE fund, attracted a combined $32 million, while Bitwise’s ETHW fund added $6 million.
- The recent inflow streak has pushed total capital inflows to Ethereum ETFs to approximately $1.2 billion over the past few weeks, with June 11 marking the strongest day since February 2.
- Institutional confidence in Ethereum as a long-term investment vehicle is growing, especially with the increasing availability of spot ETF access.
- Market observers are monitoring potential capital rotation from Bitcoin to Ethereum as part of broader crypto asset diversification strategies.
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Hackaday
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Crowdsourcing SIGINT: Ham Radio at War
- During World War II, the Radio Security Service (RSS) utilized a network of ham radio operators to intercept enemy radio transmissions on home soil.
- The volunteers, totaling about 1,500 members, used their own equipment and Morse code skills to intercept messages.
- Initially operating from a prison in London, the RSS eventually moved to Arkley View, where they focused on intercepting messages from enemy agents for codebreaking.
- The RSS successfully intercepted German signals, leading to the decoding of messages between agents in Europe and their handlers in Germany.
- The RSS grew into SCU3 (Special Communications Unit 3) under MI6 in 1941, specializing in foreign radio traffic interception.
- Operators at Arkley View processes intercepted logs to classify and correlate information, aiding in intelligence gathering.
- The RSS expanded monitoring with Y stations equipped with American receivers and direction-finding stations for identifying transmitter locations.
- Female volunteers and innovative operators contributed significantly, such as a bedridden VI who intercepted messages using mirrors during the Great War.
- Due to the RSS intercepts, numerous potential German agents were identified before entering the UK, leading to arrests and turning others into double agents.
- By decoding a quarter of a million intercepts, the RSS played a crucial role in intelligence gathering and security during the war.
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